💨 Abstract

The Indian government has reduced import duty on overseas vehicles, opening the door for Tesla to enter the Indian market. Tesla has started the process of opening showrooms in India and is allowed to import 8,000 cars at a lower duty of 15%. The reduction in duty has sparked a debate on its potential impact on domestic EV manufacturing, as Indian automobile companies fear it may jeopardize domestic manufacturing.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖